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5 Ways to Create Luck in Investing and Life

A wise man once said, “I am a great believer in luck. The harder I work, luckier I get.”

Believers in this saying usually belong to the meritocratic school of thought. They claim, “If you’re good, you don’t need luck.”

If you’re successful it’s a natural human tendency to assume the credit for your success. After all, you must have worked hard for it and you surely deserve it. But when I think of my life, I have seen and met many individuals for whom, in spite of working extremely hard, success remained elusive.

Goes with saying that I have also met those who achieved great heights with relatively much lesser effort. These are the people who manage to attract much more than their fair share of luck. Usually, we look down on such people with some envy and disdain. It’s assumed that any success founded on an element of luck is inherently undeserving.

Do you know someone who always manages to find himself in the right place at the right time? Before you label him as lucky, ask yourself – do you think his luck is out of pure randomness? Perhaps he has a knack for arriving at the right place and at the right time.

Common sense tells us that luck can’t be controlled and it’s all about chance and probability. But what if someone told you that there was a way to control luck? Not in an esoteric way but in a rational way? If you feel like scoffing at such an idea, I would urge you to have an open mind. Just for the sake of curiosity.

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100 Ideas on Living with Courage, Wisdom, and Peace (Special E-Book)

Notes to Inspire: 100 Ideas on Living with Courage, Wisdom, and PeaceBeing human means you’re going to experience a range of emotions throughout your life. They could be positive emotions like love, kindness, compassion or they could be negative ones like fear, frustration, and envy.

To get the maximum out of our short lives, we need to ensure that our days are filled with more positive feelings than the negative ones.

No matter how rich, healthy and happy you are, the pangs of depression or feeling low will hit you sometime. That’s when you may need some doses of inspiration to lift your spirit and take you out from the dump.

Now, what’s an inspiration?

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3 Iron Rules of Life and Investing

You seem to be stressed out today?” asked my Yoga teacher, an elderly gentleman in his seventies.

“Oh, not really!” I said.

“No, you look a bit stressed. Are you unwell?”

“Not at all. Just feeling a bit confused.”

“May I help?”

“Knowing you, I think you can.”


“You see, I have been a stock market investor for many years now, and now also don the role of a teacher trying to help people make saner and better investment decisions. But I am often faced with a dissonance.”

“And what’s that?”

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When Long-Term Thinking is a Terrible Idea

During my evening walk yesterday, I was with a 75-year old gentleman who seemed fitter than I am, walked faster than me, had a wider smile than I can ever manage, and talked much more than I do in a few days.

During the ninety minutes we walked together, we talked about our lives, careers, and investing.

“What do you do for a living, young man?” he asked me.

“I am a blogger and an investor,” I replied.

“What kind of an investor are you?” he asked back.

“Well, a long term investor in the stock market,” I said.

“Long term? Great! Even I have been a long term investor all my life,” he told me. “Long term investing makes a lot of sense.”

“Yeah it does,” I said. “Having a long-term thinking is always good.”

“Well, not always, son!” he replied.

“Why do you say so?” I asked.

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The Dangers of Persistence

A few months back, during my lecture to a class of MBA students, I asked them to finish a sentence. The sentence was – “If you play a slot machine in a casino long enough, eventually you will ………” *

The class yelled out in unison “WIN!”

As most people reading this know, that is exactly the wrong answer. Slot machines are engineered to make everyone but the casino a loser in the long run. But MBA kids don’t know that, and they are never taught that. I assumed they confused the benefits of persistence with the actual odds of succeeding.

Anyways, I met a couple of my neighbours in the gym today, who smiled – as if mocking me – when I told them about my work that is to teach people to make lesser mistakes with their money and also learn to make sensible investment decisions for the long term.

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Why You Must Not Quit Your Job to Become a Full-Time Investor

Short view – It could get lonely and frustrating, plus dangerous for your sanity and financial well-being.

Long view – First, a clarification. I am not a full-time investor i.e., me and my family are not dependent for our living on the stock market. I earn my living by teaching people how to invest sensibly in stocks. And I invest a large portion of my savings in stocks. But I won’t have sleepless nights if the stock market were to tank tomorrow and remain down for the next year or two, because that is not what earns me my oats and sprouts (I don’t eat “bread and butter” you see).

Anyways, the reason I am writing this post is because a lot of tribe members have asked me over the years – and especially recently through my Ask Vishal initiative – about how they could quit their jobs to become full-time investors in the stock market.

In most of my replies, I have asked people to avoid quitting their jobs to become full-time investors, and here are five reasons I have often mentioned to support my reasoning. In case you have had this question but were afraid to ask, I hope what follows below helps you take a decision.

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Eight Rules to Live By in 2016

I wish you a very happy, healthy, peaceful, and fulfilling 2016.

Life is really short (it’s nearly five years since I started Safal Niveshak), so let me not waste another moment and thank you for being here for me.

As I begin 2016, here are a few things I aspire to do each day, and would love to see you do as well. These are not any New Year resolutions (which anyways don’t last till 5th January), but things that can become part of your daily life, just like breathing, for the rest of your life.

Here I start.

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The 37th Lesson

On this very day last year, I had shared with you 36 lessons from 36 years of my life. Today, I complete 37 years in the present state of being, and thus wish to share with you the 37th lesson I have learned in the year gone by – one of the most powerful lessons that I believe has the ability to turn me into a better person and a better investor going forward.

That lesson is of mindfulness, or a state of active, open attention on the present.

When you are mindful, you observe your thoughts and feelings from a distance, without judging them good or bad. Instead of letting your life pass you by, mindfulness means living in the moment and awakening to experience.


“Oh, that’s same as meditation, right?” you might wonder like I did when I came across this practice some time back. Well, meditation is a tool to help you learn to be mindful.

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